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Schapiro: Multitude of trading venues a regulatory challenge for SEC
trueThe equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro, former SEC chairwoman, said Tuesday before attendees at a conference of the Council of ...
Access to liquidity key concern for equity traders, survey finds
trueEighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.
Omega hedge fund firm receives federal subpoenas
trueBillionaire Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm has been subpoenaed by the U.S. Attorney’s Office in New Jersey and the Securities and Exchange Commission, seeking information on trading in certain securities.
High-frequency traders to be regulated by FINRA
trueHigh-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.
Loss of market makers may lead to buy-and-hold strategies
trueCorporate fixed-income investing is becoming a buy-and-hold market, as the reduction of traditional market makers and the resulting loss in inventory make active trading strategies more risky.
4 managers sign on to Plato Partnership trading platform
trueFour additional money managers have signed up with Plato Partnership, a consortium that aims to create a new trading platform in Europe.
BNY Mellon settles various lawsuits over foreign-exchange practices
trueBank of New York Mellon Corp. reached a series of settlement agreements with the Department of Justice, New York Attorney General, Department of Labor, Securities and Exchange Commission and private customer class actions regarding the custodial bank's foreign-exchange practices.
Implementation extended for rules on posting margin for non-centrally cleared trades
trueGlobal requirements for collecting and posting initial margin on non-centrally cleared trades will not be implemented until September 2016 under an extension announced Wednesday.
Tail hedging review
trueSince the start of 2014, we have witnessed increasing interest in tail hedging with large global institutions looking to develop tail hedge mandates. Recent bouts of turbulence since October 2014 have intensified that interest, especially since volatility levels have continued to fluctuate rapidly, ...
ICE Futures U.S. pays $3 million in CFTC settlement
trueICE Futures U.S. reached a $3 million settlement with the CFTC over charges that the global futures and options exchange submitted false and incomplete reports and data to the agency for at least 20 months.
Iowa Public Employees looking for derivative trading, margin management services
trueIowa Public Employees' Retirement System issued an RFP for firms to provide future commission merchant services and margin management services.
Fair pricing, bubbles and crashes
trueStock returns have a fat-tailed distribution; this means that large shocks are far more likely than one might expect. A few examples illustrate why this matters to investors.
CalPERS to provide added source of contingent liquidity to derivatives clearinghouse
trueCalPERS has joined a fully committed repo facility with derivatives clearinghouse Options Clearing Corp. and securities lending agent eSecLending to provide contingency liquidity in the event of a counterparty default.
European Commission to review OTC regulations for pension funds
trueThe European Commission will review legislation that could force pension funds to centrally clear over-the-counter derivatives transactions.
Active investing in an indexed world
trueWhile active management still plays a critical role in portfolios of all sizes and sophistication levels, it’s hard to ignore the reams of headlines and research notes making the case for passive.